Find out more information on the classification of industry and its importance in the economy

Economics is an extremely important subject that should be taught to every person at all educational institutions. Below is a small introduction to this field.


Banks are a few of the oldest forms of financial establishments in the world, which makes them the perfect instance of the tertiary industry. The financial services sector, and banks especially, have multiple features of tertiary sector, of which offering services to its clients being the most visible one. For as long as they have been around, banks have consistently performed a major role in any community and any economy, but they have come to be especially important in the past 100 years or so, which is something that must be important to the investors into Bank of East Asia. It's impossible to imagine any easy financial transaction without the participation of a bank. It is a necessity for pretty much any job to have a bank account into which they will pay you your month-to-month earnings. All of the money earned by businesses that deal with monetary transactions on the day to day basis, which include grocery stores for instance, eventually pass through a bank system.

The water industry is one that we do not often think about, but it is something without which our contemporary existence would be unimaginable. The water industry supplies many vital services, the most important of them being supplying clean, drinkable water to men and women. The water industry will never ever stop being pertinent to our communities, which is something that the investors in Aqua America must feel good about. Extra services brought by this sector is wastewater services, water engineering, equipment supply and wastewater plant building and construction. An extra role of the water sector also comprises of establishing water quality standards, for drinking and wastewater, that are normally set by national bodies. As you can envision, such a big sector also supplies a huge number of primary industry jobs. Many companies taking part in the water industry will be controlled by the government, as it's typically the function of the government to supply its citizens with drinking water; however, there are some illustrations where such water services are presented by private companies.

Secondary industries are ones that are engaged in the fabrication of goods, that are either ready to be consumed or can go on to be employed as an element of some even bigger product. Businesses involved in this field of the economy can be divided into heavy and light industries, with light industries commonly producing ready to be consumed consumer goods, and heavy industries creating goods that are then used to manufacture other kinds of goods. The consumer electronics sector has been expanding especially rapidly in the past 50 years or so, which is something that investors into Toshiba have definitely taken note of.

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